Archive – Banking & Fintech

Cisalpino reaches the end of the line

This content was published on Jun 1, 2011 The company made the announcement during the unveiling of its travel plan for 2012. Federal Railways boss Andreas Meyer told reporters on Tuesday that he wanted “to put an end to this horror”. The problems with the Cisalpino, or ETR-470, had halved since the company had taken over maintenance but it had not been possible…

GDP growth slows in first quarter

This content was published on May 31, 2011 This figure, published by the State Secretariat for Economic Affairs (Seco) on Tuesday, is less than the 0.8 per cent increase seen in the previous quarter. However, looking further back, GDP growth was still 2.4 per cent up on the first quarter of 2010. According to Seco, positive growth was generated by the trade balance,…

Strong franc threatens homespun manufacturing

This content was published on May 29, 2011 Renewed fears that Greece might default on its debts has sparked a fresh wave of euro weakening while the dollar continues to trade way below parity against the franc. A single euro cost just under SFr1.22 on May 27 and the dollar just SFr0.85. Swiss exporters are used to the safe haven franc gaining in…

More cash needed to boost Swiss exports

This content was published on May 27, 2011 Ever more small and medium sized enterprises (SMEs) are seeking help from the Osec Business Network Switzerland to tap into foreign markets, but the agency receives less cash than its foreign competitors. Rolf Jeker, who handed over the presidency to former Justice Minister Ruth Metzler on Friday, complained that Osec’s annual SFr17 million budget ($19.8…

Power firms buy wind farms abroad

This content was published on May 27, 2011 A statement from the company on Friday said the farms had 88 turbines and provided enough electricity annually to power 80,000 households. It added this would make EOS Holding one of Switzerland’s leading generators of wind power. Also on Friday, BKW Energy of Bern announced it had acquired another two wind farms in Italy from…

Shareholders take Logitech to court

This content was published on May 25, 2011 According to the law firm Robbins Geller several shareholders allege that Logitech has failed to disclose information on the company’s true financial situation since the end of 2010. They said positive statements emanating from Logitech were not supported by facts or figures. Robbins Geller said the allegations included charges that the company’s distributors were overstocked…

Dreamy hotels

This content was published on May 25, 2011 These extraordinary places have different standards than the usual hotels – creaky parquet floors, romantic views of dream-like scenery, faded memories of glorious days gone by and whiffs of the countryside. Photographer Stephan Rappo has visited some of them.

Towards a greener, fairer OECD

This content was published on May 25, 2011 The body, which caused controversy when it put Switzerland on its “grey list” of uncooperative tax havens, says it is now moving its focus from opening up markets to more social and green issues. “For a decade we have paid homage to opening up the markets like a religion as if it was the only…

Profit increase at Sonova despite currency hit

This content was published on May 24, 2011 This result is up from the restated SFr217 million posted for the previous financial year, the group said on Tuesday. Sonova said negative currency exchange impacted sales to the tune of SFr84 million, most of which was booked in the second half of the year. However, overall sales increased 7.8 per cent to a record…

Euro falls to record low against franc

This content was published on May 23, 2011 At noon on Monday, one euro could be bought for SFr1.23. Eighteen months ago, the Swiss had to pay around SFr1.50 for a euro. In August 2010, the franc breached SFr1.30 for the first time since the introduction of the European currency in 1999. Investors had ample reasons to sell the euro, given doubts about…

Page 549 of 1641

First … 547 548 549 550 551 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed